Tag: Market

By CCN: “Alt season” is one of the most profitable phases of the cryptocurrency market cycle. It is a period when all altcoins – from large-cap to small-cap – go through exponential growth, often at the expense of bitcoin. We experienced this phenomenon early this year, until bitcoin’s parabolic rise over the last few weeks shattered many altcoins to the point of capitulation. With many large-cap coins suffering tremendous losses, it is easy to assume that altcoins are bearish. However, nothing could be further from the truth. A closer analysis…

The total crypto market cap is forming a crucial breakout pattern above the $225.0B support area. Binance coin (BNB) price rallied recently and it is currently consolidating above $30.00. Litecoin (LTC) price is down around 4% and it recently broke the $90.00 support. Bitcoin cash price declined more than 6% and traded below the $400 and $395 supports. Tron (TRX) price is under pressure and it could retest the key $0.0265 support area. The crypto market cap is forming a significant breakout pattern, with negative moves in bitcoin (BTC) and…

Wednesday, May 22 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) falls under the $7,900 mark again. Market visualization courtesy of Coin360 Bitcoin is down over .5% on the day, trading at $7,850 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is down over 1.83%. Bitcoin 7-day price chart. Source: CoinMarketCap This week, Cointelegraph reported that CME Group, the second global exchange to list bitcoin (BTC) futures, is about to record the biggest trading month for…

Cryptocurrency research firm Diar indicates that the market capitalization for USD stablecoins has hit all-time highs and exceeded $4 billion, according to its latest weekly report published on May 21. Stablecoins tied to the greenback have broken through to a market cap of almost $4.3 billion, according to Diar’s data. The report also reveals a surge in USD stablecoin trading volumes, with Circle and Coinbase-backed USDC posting a 130% uptick in volume between April and May, so far this month hitting $3.6 billion (as compared with $1.6 billion in April).…

The total crypto market cap is currently above the key $225.0B and $230.0B support levels. Bitcoin price seems to be struggling to clear the $8,000 barrier and is trading in a range. Litecoin (LTC) price is currently consolidating above $90.00, with resistances near $92.00 and $95.00. Bitcoin cash price settled above the $400 resistance area after a strong recovery from $350. Tron (TRX) price is slowly grinding higher towards the key $0.0300 resistance area. Cardano (ADA) price is facing a strong resistance near the $0.0850 and $0.0880 levels. The crypto…

By CCN: Bitcoin is not an effective hedge against an uncertain economy or volatile stock market — despite what crypto evangelists vehemently insist. That’s the conclusion of a report that was just published in the Annals of Operations Research. The paper is entitled “Market Risk and Bitcoin Returns,” and it was authored by Dimitrios Koutmos, an assistant finance professor at Worcester Polytechnic Institute in Massachusetts. Report Touts Itself as a ‘Cautionary Note’ Koutmos says he’s sounding the alarm for investors, calling his report a “cautionary note” for the irrationally exuberant…

By CCN: Mike Novogratz, the billionaire CEO of Galaxy Capital and a former hedge fund manager at Fortress Investment Group, believes alternative cryptocurrencies, or altcoins, will be outperformed by bitcoin in the bull market. Not this time. Market getting smarter. $btc will outperform. — Michael Novogratz (@novogratz) May 19, 2019 The statement of Novogratz comes after the bitcoin price risen by more than 115 percent year-to-date against the U.S. dollar, leading the crypto market to add $124 billion to its valuation. Will bitcoin continue to outperform altcoins? Historically, altcoins have…

The total crypto market cap recovered sharply after testing the key $210.0B support area. Bitcoin price jumped back above the $7,800 and $8,000 resistance levels. Bitcoin cash price is up more than 5% and it recently broke the key $400 resistance. EOS price is now trading above the $6.00 and $6.15 support levels, with a positive bias. Stellar (XLM) price is currently consolidating gains above the $0.1300 and $0.1320 levels. Tron (TRX) price is slowly moving higher towards the key $0.0300 resistance level. The crypto market cap is gaining momentum,…

The total crypto market cap declined sharply and tested an important support near $210.0B. Bitcoin price is showing signs of a decent recovery above the $7,200 support level. Litecoin (LTC) price failed to stay above the $100 level and recently declined below $90. Bitcoin cash price is down more than $90 from the recent high and broke the $380 support. EOS price is once again below the key $6.20 and $6.00 support levels. Stellar (XLM) price is gaining traction and it is up more than 7% to $0.1310. The crypto…

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